The company will issue a dividend of one additional share for every single share held by stockholders of record as of July 24. Distribution of these new shares is scheduled to occur after the market closes on August 10. Consequently, the stock will debut at its new, split-adjusted price when trading resumes on the morning of August 11.
Monster Beverage Announces Two-for-One Stock Split
Monster Beverage shareholders are set to see their holdings double this summer as the company moves to execute a two-for-one stock split. The energy drink giant confirmed the plan on Wednesday, aiming to increase liquidity and make shares more accessible to a broader range of potential investors.
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